The order to this effect was issued on February 1 which stated that employees will be paid the DA for the months of February, March and April 2017.
Bank employees under the Central government payroll will get Dearness Allowance (DA) as per the recommendations of the Seventh Pay Commission.
The order to this effect was issued on February 1 which stated that employees will be paid the DA for the months of February, March and April 2017.
The order brings much cheer to employees who were otherwise disappointed with Finance Minister Arun Jaitley for not saying a single word on the Seventh Pay Commission in his
On the basis of the Consumer Price Index (CPI) announced by the government, the DA payable to bank employees for February-April will be 46.9 per cent of the pay.
In another development, the government has started releasing the Seventh Pay Commission arrears to defence pensioners. The amount released and the number of pensioners to be benefitted from this are still being calculated.
The information was shared by Union Minister of State for Defence Subhash Bhamre in a written reply to AIADMK MP M Vasanthi in Lok Sabha recently.
Among autonomous bodies, the Bureau of Indian Standards (BIS) will start getting revised salary as per the Seventh Pay Commission's recommendations. BIS falls under the aegis of the Ministry of Consumer Affairs. Ram Vilas Paswan, who is in-charge of the ministry, approved the revised salary for BIS employees.
Much to the disappointment of Central government employees, the Finance Minister did not mention them in his Budget speech on February 1. However, employees are hopeful that there will be some announcement at the start of the new financial year in April.
Several state governments have made announcements on implementing the recommendations of the Seventh Pay Commission. Poll-bound Uttarakhand was among the first to implement the recommendations from January 1.
The Seventh Pay Commission recommended a 14.27 per cent hike in basic pay--the lowest in 70 years. The previous Sixth Pay commission had recommended a 20 per cent hike, which the government doubled while implementing it in 2008.
The National Joint Action Committee (NJAC) wants the minimum wage to be raised to Rs 26,000 as against the Rs 18,000 suggested by the commission.
The Pay Commission also recommended doing away with 53 of the 196 allowances besides moderation in several others. The recommendations cover nearly 50 lakh central government employees and 58 lakh pensioners
Source:http://indiatoday.intoday.in/story/7th-pay-commission-bankers-dearness-allowance-revised-scale/1/876968.html
Popular
Label List
- -BONUS ORDER
- 'BONUS
- AICPIN
- AIDEF
- AIR INDIA
- AIRF
- AITUC
- ALLOWANCE
- annual increment
- ARMY
- BANK EMPLOYEES
- BSNL
- cadre restructuring
- cadre review
- CBSE
- cgda
- CGHS
- CHILD CARE LEAVE
- children education allowance
- CONFEDERATION
- DA
- DC JCM
- DEARNESS ALLOWANCE
- dearness relief
- DOPT
- EMPLOYEES PROVIDENT FUND
- EPFO
- FAMILY PENSION
- finmin
- FIXED MEDICAL ALLOWANCE
- GDS
- GENERAL PROVIDENT FUND
- GPF
- GRADE PAY
- HOLIDAY
- HOLIDAY HOMES
- HOUSE BUILDING ADVANCE
- HOUSE RENT ALLOWANCE
- HRA
- INCOMETAX
- JCM
- JCM III
- KENDRIYA VIDYALAYA
- LEAVE TRAVEL CONCESSION
- LTC
- LTC 80 FARE
- LTC ADVANCE
- MACP
- MATERNITY LEAVE
- MAY DAY
- MINISTRY OF DEFENCE
- MINISTRY OF FINANCE
- MODIFIED ASSURED CAREER PROGRESSION
- NATIONAL ANOMALY COMMITTEE
- NATIONAL PENSION SCHEME
- NATIONAL PENSION SYSTEM
- NC JCM
- NEW PENSION SCHEME
- NIGHT DUTY ALLOWANCE
- NJCA
- OFB
- one rank one pension
- ONE RANK ONE PENSION.
- ORDINANCE FACTORY BOARD
- paternity leave
- pay fixation
- PCDA
- PENSION
- post offices
- POSTAL EMPLOYEES
- RAILWAY BOARD
- RAILWAY BONUS
- RAILWAY EMPLOYEES
- retirement
- retirement age
- revision of pension
- VRS
- WOMEN EMPLOYEES
Follow by Email
DISCLAIMER
The contents and information given in this blog are purely informative in nature and should not under any circumstances be taken as authority. All efforts had been made to ensure accuracy of the content on this (www.centralgovernmentemployees.com) blog. The same should not be construed as a statement of law or used for any legal purposes. centralgovernmentemployees.com accepts no responsibility in relation to the accuracy, completeness or otherwise, of the contents. Users are advised to verify/check any information with the relevant departments and to obtain any appropriate professional advice before acting on the information provided in the blog. We cannot guarantee the availability linked pages at all times.
Post a Comment